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    2944 6th Street

    Riverside, CA 92507
    • $679,000
    • STATUS: CONTINGENT
    • ON SITE: 129 days
    • ID#: 302670042
    Under Contract
    UPDATED: 61 min ago
    $679,000
    • 5
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Multi-Family
    Built:
    1915
    County:

    School Ratings & Info

    Description

    BACK ON THE MARKET! A Great Investment Cash Flow property in downtown Riverside! The numbers are incredible, great Income! Centrally located near freeways and Metro Link trans. Close proximity to restaurants, Parks and The Missions Inn Hotel. Lots of newer construction and development in this area. Property great to rent to Faith Based Organizations or Recovery Home Businesses. This 11 unit income property is situated right off University near the 91. The larger unit in rear is allowed by city FOR SINGLE BACK ON THE MARKET! A Great Investment Cash Flow property in downtown Riverside! The numbers are incredible, great Income! Centrally located near freeways and Metro Link trans. Close proximity to restaurants, Parks and The Missions Inn Hotel. Lots of newer construction and development in this area. Property great to rent to Faith Based Organizations or Recovery Home Businesses. This 11 unit income property is situated right off University near the 91. The larger unit in rear is allowed by city FOR SINGLE RESIDENT OCCUPANCY(SRO). SRO dwelling and has a newer roof about 6 years old. This property offers 2 unit front house, a 2nd structure for storage and a 3rd larger Structure rear unit that houses 9 studio Dorm style bedrooms with a common kitchen. Front house 2 bedrooms 1 bath. Currently rented. Studio at rear of main house with kitchen also rented. Coin laundry room with outside access for all tenants. Behind front house are 2 more bldgs. 1st bldg can be used for storage, office or game room. Other bldg has 9 bunk/dorm style bedrooms with common bathroom and kitchen. Dorm #9 is much larger at rear with separate entry. These bunk studios share a Common bathroom and shower room with laundry sink and small Kitchen area. Dorm / Bunk units rented on average at $450-$500 each. Currently owner pays for all utilities except for the main house. Some Parking on driveway.

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
    www.92130homesonline.com/homes/110014956
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    2944 6th Street Riverside, CA 92507

    • Price: $679,000
    • Status: CONTINGENT
    • Updated: 61 min ago
    • ID#: 302670042
    5
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    1915
    Built
    Neighborhood:
    Riv Cty-Riverside (92507)
    County:
    Riverside
    Area:
    Riv Cty-Riverside (92507)
    Property Description
    BACK ON THE MARKET! A Great Investment Cash Flow property in downtown Riverside! The numbers are incredible, great Income! Centrally located near freeways and Metro Link trans. Close proximity to restaurants, Parks and The Missions Inn Hotel. Lots of newer construction and development in this area. Property great to rent to Faith Based Organizations or Recovery Home Businesses. This 11 unit income property is situated right off University near the 91. The larger unit in rear is allowed by city FOR SINGLE BACK ON THE MARKET! A Great Investment Cash Flow property in downtown Riverside! The numbers are incredible, great Income! Centrally located near freeways and Metro Link trans. Close proximity to restaurants, Parks and The Missions Inn Hotel. Lots of newer construction and development in this area. Property great to rent to Faith Based Organizations or Recovery Home Businesses. This 11 unit income property is situated right off University near the 91. The larger unit in rear is allowed by city FOR SINGLE RESIDENT OCCUPANCY(SRO). SRO dwelling and has a newer roof about 6 years old. This property offers 2 unit front house, a 2nd structure for storage and a 3rd larger Structure rear unit that houses 9 studio Dorm style bedrooms with a common kitchen. Front house 2 bedrooms 1 bath. Currently rented. Studio at rear of main house with kitchen also rented. Coin laundry room with outside access for all tenants. Behind front house are 2 more bldgs. 1st bldg can be used for storage, office or game room. Other bldg has 9 bunk/dorm style bedrooms with common bathroom and kitchen. Dorm #9 is much larger at rear with separate entry. These bunk studios share a Common bathroom and shower room with laundry sink and small Kitchen area. Dorm / Bunk units rented on average at $450-$500 each. Currently owner pays for all utilities except for the main house. Some Parking on driveway.
    Exterior Features

    Parking Garage Desc Unit1 Assigned Pool N/K

    Interior Features

    Cooling Wall/Window Heat Equipment Floor Furnace Stories 1 Story Total Baths Unit1 1 Total Baths Unit2 1 Total Baths Unit3 1 Total Baths Unit4 0

    Property Features

    Actual Cap Rate 7.73 Annual Expense Actual 24480 Buildings 3 Gross Rent Multiplier Actual 8.9 Gross Scheduled Income Actual 78600 Home Owners Fees 0.0 Unit Number For Unit1 1 Unit Number For Unit2 2 Unit Number For Unit3 3 Unit Number4 4 Unit1 Rent Actual 1200.0 Unit2 Rent Actual 700.0 Unit3 Rent Actual 700.0 Unit4 Rent Actual 650.0 Zoning Assessor

    Listing provided courtesy of Keller Williams Covina. Listing information © 2021 San Diego MLS Inc. Source: CRMLS
    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by San Diego MLS. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2021 San Diego MLS, Inc. Licensed in the state of California.
     
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    Wannebo Real Estate Group
    3636 Nobel Drive Suite 170
    San Diego CA, 92122